Markets: Gold down $49 to $4160 WTI crude oil up 94-cents to $77.54 US markets closed S&P 500 futures down 0.2% JPY leads, CAD lags The US was on holiday on Friday and that limited market moves to wrap up the week. There was news though as Israel and Hezbollah agreed to a ceasefire. The
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USDCHF has strengthened sharply, rising 1.3% this week and more than 3.3% since the start of the month, supported by a stronger US dollar and weaker Swiss franc The Fed’s hawkish tone boosted the dollar, as markets increased expectations for a possible US rate hike after Kevin Warsh emphasized price stability and the fight against
This has to be the most-fragile ceasefire in history. It’s hard to believe this is ever going to hold. This article was written by Adam Button at investinglive.com. Source link
2026.06.19 2026.06.19 How to Buy SpaceX Stock (SPCX) Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ SpaceX is no longer just Elon Musk’s ambitious space project. It has become a leading force in the aerospace industry, driving down launch costs and opening new possibilities for commercial and government space missions. After years of anticipation, the company finally went public in one
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Dollar strength remained the defining theme in currency markets on Friday, although gains slowed somewhat as US markets observed the Juneteenth holiday. Investors continued to digest the Federal Reserve’s hawkish shift earlier this week, which revived expectations for another rate hike this year and left open the possibility of a second if inflation remains stubborn.
Prior was +0.9% The advanced April reading was +0.6% April retail sales ex autos +0.1% vs +0.7% expected Prior ex autos +1.4% (revised to +1.2%) Sales were up in five of nine subsectors Core sales excluding gas stations were down 0.7% Advanced May sales +1.0% This is a poor report and highlights how hard gasoline
Turkey’s manufacturing capacity utilization rate increased further in June to the highest level in one year, while factory confidence remained more positive, figures from the central bank showed on Friday. The capacity utilization rate rose to 74.5 percent in June from 74.2 percent in the previous month. Moreover, this was the highest level since June
Greece’s current account deficit decreased in April from a year ago, mainly due to improvements in the balance of goods and the secondary income account, data from the Bank of Greece showed on Friday. The current account showed a deficit of EUR 1.4 billion in April, down from EUR 2.3 billion in the corresponding month
Macro update Yen hovers near a 40-year low as intervention risks mount: The Japanese currency weakened to 161.81 per dollar overnight, its lowest level since July 2024 and close to the 1986 trough, with finance officials reiterating their willingness to counter speculative moves as thin market liquidity raises the possibility of intervention similar to the
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Prior -1.3% (revised to -1.0%) Retail sales +3.2% vs +1.9% y/y expected Prior +0.0% (revised to +0.1%) Retail sales ex autos, fuel 1.2% vs +0.4% m/m expected Prior -0.4% (revised to -0.1%) Retail sales ex autos, fuel +4.6% vs +3.3% y/y expected Prior +1.1% Full report here This is a good report but won’t change
Equities: The Nasdaq 100 rallied 2.5% to lead the session, driven by outperformance among mega-cap tech stocks. The S&P 500 gained 1.1% to close out the pre-holiday week on a positive note. Small caps followed the risk-on move, with the Russell 2000 closing up 2.1%, reversing a multi-session downward trend. However, in today’s Asia opening
Indonesia’s IDX Composite rose 12 points, or 0.2%, to 6,185 in early Friday trading, snapping a two-session losing streak. The rebound followed a positive lead from Wall Street, where optimism over a potential US–Iran agreement helped offset worries about a more hawkish Federal Reserve. On the monetary policy front, Bank Indonesia raised its benchmark rate
Japan inflation remained unchanged in May as government measures helped to bring down energy prices, data from the Ministry of Internal Affairs and Communications showed Friday. Core consumer prices, excluding fresh food, registered a steady growth of 1.4 percent in May. The rate also matched expectations. Meanwhile, headline inflation rose to 1.5 percent from 1.4
EUR/GBP’s advance this week is telling a bigger story than simple Euro strength. What markets are really pricing is a fading belief that the Bank of England will need to deliver significantly more tightening than the European Central Bank. For months, Sterling benefited from the assumption that sticky UK inflation would eventually force policymakers into
